Vung Ro refinery asked to double capacity

Vung Ro Oil and Gas Ltd. Company has just asked the Government to permit it to raise the capacity of Vung Ro refinery to 8 million tones.

The project to build Vung Ro refinery was licensed in November 2007. Under the license, the project covers an area of 200 ha of land and 210 ha of water surface in the communes of Hoa Tam Commune and Hoa Xuan Nam, Dong Hoa, Phu Yen.

The Vung Ro project mainly includes the refinery and deep-water sea port.

Under its first plan, the refinery has oil refining capacity of 4 million tones per year. 

According to the company, the refinery is planned to be operational at the end of 2011 and if the Government allows it to raise the capacity, the investors will expand the production right after the first phase finishes.

Source: phapluat